| Private Loans | | | | loan is backed by a cosigner. |
| After you have taken advantage of all other available | | | | Find out if you will qualify for a private loan. |
| forms ofsupplement funding to cover the difference | | | | Pre-approvaleliminates uncertainty up front and can |
| between youreducation costs and expenses. | | | | save a lot of time as youwill know that you qualify |
| Private student loans are available from a variety of | | | | and the amount you can expect to receive before |
| sources tohelp cover the differences. These loans | | | | you go through the full loan application process. |
| are not sponsored bygovernment agencies and are | | | | In some cases, you can find out if you qualify in less |
| offered by banks or other financialinstitutions so the | | | | than 30 seconds. |
| interest rates can vary greatly. It is of your best | | | | Once you complete and submit your student loan |
| interest to compare what is available to get the best | | | | application,your school Financial Aid Office will certify |
| possible loan. Investigation and research is the key. It | | | | your loan application and forward it to the Disbursing |
| is also wise to apply to a few different lenders at | | | | Agent for final approval, guarantee and disbursement. |
| the same time. Each lender has their own credit | | | | You will receive your loan funds at the beginning of |
| qualification criteria. This can vary depending whether | | | | each school terms. |
| the borrower is a student or parent, or whether the | | | | |